Equinor Asa (EQNR) Net Margin (2009 - 2026)
Equinor Asa's Net Margin was 9.17% in the quarter ended Jun 30, 2026, up 3.95 percentage points from 5.22% a year earlier but down 4.10 percentage points from the prior quarter.
Powered by 
Analysis
Equinor Asa (EQNR) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Equinor Asa's Net Margin was 7.01% through Jun 30, 2026, up 3.81 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 4.77%, up 5.10 percentage points from the prior year.
- Net Margin shows a five-year change of +16.81 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Net Margin was -0.34% in the year ended Dec 31, 2024 (-0.89 pp), 0.55% in the year ended Dec 31, 2023 (-18.74 pp), 19.29% in the year ended Dec 31, 2022 (+9.64 pp) and 9.65% in the year ended Dec 31, 2021 (+21.69 pp).
- Quarterly Net Margin has moved between -0.81% (the quarter ended Sep 30, 2025) and 18.57% (the quarter ended Jun 30, 2022) over five years.
- Compared with a year earlier, Net Margin has increased for three straight quarters, with an average year-over-year change of +0.44 percentage points over the last seven quarters.
- The best year-over-year quarter for Net Margin over five years was the quarter ended Jun 30, 2022 (a gain of 7.42 percentage points); the worst was the quarter ended Mar 31, 2025 (a drop of 5.30 percentage points).
- Per Business Quant data, EQNR's Net Margin in the three quarters before the quarter ended Jun 30, 2026 was 13.27% (quarter ended Mar 31, 2026), 5.18% (quarter ended Dec 31, 2025) and -0.81% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 12.52% |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 10.35% |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 17.23% |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 0.00% |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 13.62% |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 20.14% |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 7.39% |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 9.17% |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 0.01% |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 19.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.17% |
| Mar 31, 2026 | 13.27% |
| Dec 31, 2025 | 8.06% |
| Sep 30, 2025 | 3.58% |
| Jun 30, 2025 | 6.64% |
| Mar 31, 2025 | 5.98% |
| Dec 31, 2024 | 6.27% |
| Sep 30, 2024 | 8.61% |
| Jun 30, 2024 | 7.29% |
| Mar 31, 2024 | 11.28% |
| Dec 31, 2023 | 6.34% |
| Jun 30, 2022 | 18.57% |
| Mar 31, 2022 | 13.07% |
| Jun 30, 2021 | 11.15% |
| Mar 31, 2021 | 11.48% |
| Dec 31, 2020 | -20.39% |
| Jun 30, 2020 | -3.36% |
| Mar 31, 2020 | -4.70% |
| Dec 31, 2019 | -1.58% |
| Sep 30, 2019 | -7.53% |
API Access
Equinor Asa Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "EQNR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();